Quarterly report pursuant to Section 13 or 15(d)

(GAIN) LOSS ON LEASE TERMINATIONS AND IMPAIRMENT

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(GAIN) LOSS ON LEASE TERMINATIONS AND IMPAIRMENT
 9 Months Ended
Sep. 30, 2020
Other than Temporary Impairment Losses, Investments [Abstract]  
(GAIN) LOSS ON LEASE TERMINATIONS AND IMPAIRMENT (GAIN) LOSS ON LEASE TERMINATIONS AND IMPAIRMENT
The following table summarizes the amounts the Company recorded in the Consolidated Statements of Operations:
Three Months Ended September 30, Nine Months Ended September 30,
2020 2019 2020 2019
(Gain) loss on lease terminations $ 201  $ —  $ (2,924) $ — 
Impairment on traditional golf properties (held-for-sale) $ —  $ 275  $ —  $ 1,227 
Impairment on traditional golf properties (held-for-use) —  445  792  3,580 
Other losses 101  1,152  101  1,270 
Total (gain) loss on lease terminations and impairment $ 302  $ 1,872  $ (2,031) $ 6,077 

Gain on lease terminations - During the nine months ended September 30, 2020, the Company recorded a gain of $2.9 million on the termination of two traditional golf property leases. The gain primarily related to the derecognition of long-lived asset, intangible, and ROU asset and liability balances.

Held-for-Sale Impairment: During the three and nine months ended September 30, 2019, the Company recognized impairment losses and recorded accumulated impairment totaling approximately $0.3 million and $1.2 million, respectively, on one and three traditional golf properties, respectively. The fair value measurements were based on expected selling prices, less costs to sell. The significant inputs used to value these real estate investments fall within Level 3 for fair value reporting.

Held-for-Use Impairment: During the nine months ended September 30, 2020, the Company recorded impairment charges totaling $0.8 million for one traditional golf property. During the three and nine months ended September 30, 2019, the Company recorded impairment charges totaling $0.4 million and $3.6 million, respectively for one and two golf properties, respectively. The Company evaluated the recoverability of the carrying value of these assets using the income approach based on future assumptions of cash flows. As the fair value inputs utilized are unobservable, the Company determined that the significant inputs used to value these properties fall within Level 3 for fair value reporting.

Other Losses: During the three and nine months ended September 30, 2019, the Company recorded losses of $1.2 million and $1.3 million, respectively, primarily due to the Company's decision to discontinue the use of certain internally-developed software at our entertainment golf venues.